Austin Sees Record High Home Sales

hamilton-zanze August 31, 2013

In July, 3,135 single-family homes sold in Austin. This was the highest recorded sales for a one-month period and a 35% jump over July 2012. According to the Austin Board of Realtors, homes were listed for 41 days on average before being sold, which is a decrease of 23 days compared to the previous year. Home prices also rose 8% annually to $228,250.

Here are some other quick facts about how Austin’s thriving housing market fared in July 2013 compared to last year:

Single-family home listings increased by 22%
Total dollar volume of single-family home sales jumped 43% to $933 million
Condo purchases rose 31% to 361 transactions